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in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion shortfall every year, at a time again when we're told by this nonpart sap congressional budget office things are getting worse, not better. so if he takes that out as apparently he'll do businessed on the leaks because it's partisan political year, he's not going to have any can he have deficit reduction. so if that is true, boy, again, this is not responsible.he have deficit reduction. so if that is true, boy, again, this is not responsible. this is not responsive to what is really happening. >> let me bring in congressman van hollen. what we're talking about by far the biggest part of the budget and that is entitlements. last year as part of the budget, the president include
in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion shortfall every year, at a time again when we're told by this nonpart sap congressional budget office things are getting...
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we know they are against deficits and this or that program. they are against obamacare. what are they for? >> as you pointed out at the beginning, congressman camp held hearings all over the country. he's listened to a lot of people. much of what he's done here is the product of what came out of those hearings. i believe there is broad political support in the country for going in this direction. so the republicans should take advantage of that. >> thank you all. when we come back, the pentagon proposing to slash the army to pre-world war ii levels. what it means for our influence abroad next. [ female announcer ] as you get older, protein is an important rt of staying active and strong. ensureigh protein... fifty percent of your daily value of protein. low fat and five grams of sugars. [ major nutrition ] ensure. nutrin charge! starts with freshly-made pasta, and 100% real cheddar cheese. but what makes stouffer's mac n' cheese best of all. that moment you enjoy it at home. stouffer's. made with care for you or your family. legs, for crossing. feet...splashing. better t
we know they are against deficits and this or that program. they are against obamacare. what are they for? >> as you pointed out at the beginning, congressman camp held hearings all over the country. he's listened to a lot of people. much of what he's done here is the product of what came out of those hearings. i believe there is broad political support in the country for going in this direction. so the republicans should take advantage of that. >> thank you all. when we come back,...
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Mar 5, 2014
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deficit --cting a last year's deficit was $680 billion. that was the first time in four years it was under a trillion. this year's deficit he rejects -- he projects it will be six or $49 billion and dropped to $564 billion. it does not deal with social security, medicare, medicaid programs that are growing me fastest. -- growing the fastest. the chained cpi reduction which year, on the table last something republicans have supported, he offered it only if republicans would agree to increase taxes on the wealthy. it is part of the grand bargain that washington has talked about for years. republicans do not want to go there. from thatled back issue. -- chairmanans have ryan has gone farther in the entitlement area, but it is ,ifficult for the president with his democratic base so type ofto any entitlement reform, unless they see higher taxes on the wealthy. we are in a standoff. spending? about what does he want to spend money on to try to grow the economy? package -- hes a has called it the opportunity growth and security fund. it would hit
deficit --cting a last year's deficit was $680 billion. that was the first time in four years it was under a trillion. this year's deficit he rejects -- he projects it will be six or $49 billion and dropped to $564 billion. it does not deal with social security, medicare, medicaid programs that are growing me fastest. -- growing the fastest. the chained cpi reduction which year, on the table last something republicans have supported, he offered it only if republicans would agree to increase...
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Mar 4, 2014
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attention deficit, a common disorder. conduct disorder, juvenile delinquency. they are not more suicidal prior to entering the military. and you might age a teenager who is a fearful kid is not going to be the type of person who will volunteer for the army. those who join the army are more confident, risk-takers, and less anxious than other people. the kinds of things that were there in abundance compared to the population to do with i want pulsesivetyimpulsivity, and ang. >> the rate of anger is five times higher among soldiers than civilians. is that a marker for pre-disposition down the road? >> well, it is. we don't think of anger being associated with suicide. we more typically think along the line of depression. but fact people who are angry at other people, who are aggressi aggressive, do have increased rates of being angry and violent towards themselves. they are higher suicide rates. perpetrators of violent crime has higher suicide rates than other people. >> amy, are families sometimes put in. terrible situation of being retrospective, reporting thing
attention deficit, a common disorder. conduct disorder, juvenile delinquency. they are not more suicidal prior to entering the military. and you might age a teenager who is a fearful kid is not going to be the type of person who will volunteer for the army. those who join the army are more confident, risk-takers, and less anxious than other people. the kinds of things that were there in abundance compared to the population to do with i want pulsesivetyimpulsivity, and ang. >> the rate of...
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we're talking about the deficits at the end of the -- >> i am talking about the deficits. the deficits go up. >> we'll submit a budget in a couple days. >> what were you going to say senator portman? >> no, chris, look, we clearly have a growing debt problem. this is the most predictable crisis in the country. the president refuses to deal it with. if you look at his budget last year, it barely had deficit reduction relative to what would happen otherwise. in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because there was a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion short fall every year at a time again when we were told by this nonpartisan congressional budgets office things are getting worse not better. if he takes that out as he's going to do based on the leaks because it's a partisan political year, he's not
we're talking about the deficits at the end of the -- >> i am talking about the deficits. the deficits go up. >> we'll submit a budget in a couple days. >> what were you going to say senator portman? >> no, chris, look, we clearly have a growing debt problem. this is the most predictable crisis in the country. the president refuses to deal it with. if you look at his budget last year, it barely had deficit reduction relative to what would happen otherwise. in other...
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Mar 6, 2014
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their plan called for the deficit $819 billion in 2013. what was the deficit for 2013? >> $680 billion. >> well, that is much less than what simpson bowles projected sit not? >> it is. >> so last year, 2013, president obama exceeded the deficit reduction goal of simpson bowles of $139 billion. am i correct? >> yes, sir. >> yes, sir i would have to look at what numbers they have at what years. >> do you know what the number will be? >> it is 2016 and it will be 531. gee have to look at these numbers. give the president and this administration some credit. i have been pretty tough on them. give them some cd. they did something else. they did something that bass wa positionti positive. but you are never going to give any credit to anybody except the pat on the back at the christmas party. superintendant th isn't that wonderful? >> does this plan raise the age for social security? >> no, sir. >> does it change the measure of inflation for social security? >> so this administration has managed to reduce the deficit in 2013 below bowles simpson to social security. >> so now w
their plan called for the deficit $819 billion in 2013. what was the deficit for 2013? >> $680 billion. >> well, that is much less than what simpson bowles projected sit not? >> it is. >> so last year, 2013, president obama exceeded the deficit reduction goal of simpson bowles of $139 billion. am i correct? >> yes, sir. >> yes, sir i would have to look at what numbers they have at what years. >> do you know what the number will be? >> it is 2016...
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Feb 26, 2014
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sides for restoring the benefits, could parents over how to pay for the benefit and their impact on the deficit. work continues when the senate gavels back and live coverage here on c-span2. >> yesterday, senate judiciary subcommittee held a hearing on solitary confinement. minnesota senator al franken has her prisons director, trust e-mail to the question on the sides of confinement. here is more. >> how big is a style? how big is the efforts out in solitary? >> the average size? >> yes, the size of the trends do. how big is that quite this is a human being we are talking about. how big is the cell? >> the average size of a cell -- i guess you are looking for the space? >> yes, the dimensions in feet and inches. the size of a cell that a person is kept in. i want to get some idea. am i asking this wrong? [laughter] i mean -- is what you are saying is there is no such thing as an average cell for solitary? typically, in the bureau of prisons, if someone is in solitary confinement, how big is the cell typically? >> the average size should be equivalent to six by four. >> okay, that is enhanced t
sides for restoring the benefits, could parents over how to pay for the benefit and their impact on the deficit. work continues when the senate gavels back and live coverage here on c-span2. >> yesterday, senate judiciary subcommittee held a hearing on solitary confinement. minnesota senator al franken has her prisons director, trust e-mail to the question on the sides of confinement. here is more. >> how big is a style? how big is the efforts out in solitary? >> the average...
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we know they're against deficits. this or that program. we know they're against obamacare. great. what are they for? >> right. as you pointed out in the beginning, congressman camp held hearings all over the country. he's listen eed to a lot of people. much of what came out of those hearings which is to say, i believe there is broad political support in the country going in that direction. republicans should take advantage of that. >> thank you all. >>> when we come back, the pentagon proposing to slash the army to pre-world war ii levels. what it means for the interests abroad next. this program is brought to you by blue emu. it would fast. with my friends, we'll do almost anything. out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps the seeds from getting up underneath. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. a
we know they're against deficits. this or that program. we know they're against obamacare. great. what are they for? >> right. as you pointed out in the beginning, congressman camp held hearings all over the country. he's listen eed to a lot of people. much of what came out of those hearings which is to say, i believe there is broad political support in the country going in that direction. republicans should take advantage of that. >> thank you all. >>> when we come back,...
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which started prior to enlistment and seem to be common in the rest of the population, are attention deficit disorder, which is vo common, and intermittent explosive disorder, which you mentioned, uncontrol abattacks of anger and exploding, and they were not more suicidal prior to entering the army, and they were not more anxious or more depressed. as a matter of fact, in terms of anxiety, you might imagine that the teenager who is a fearful kid is not going to be the kind of person who joins the army. people who joined the army were more self-confident, more risk takers, competed, adventure seeking, and less anxious than other people. so the kinds of things that were there in abundance, compared to the population, had to do with impulsivity, anger, and some bit of anti-social behavior. >> the rate of impulse of anger, according to the study, was five times higher among soldiers than civilians. is that a marker for predisposition for problems down the road? >> well, it is. and we don't think of anger as being something that's associated with suicide. we more typically think of the common min
which started prior to enlistment and seem to be common in the rest of the population, are attention deficit disorder, which is vo common, and intermittent explosive disorder, which you mentioned, uncontrol abattacks of anger and exploding, and they were not more suicidal prior to entering the army, and they were not more anxious or more depressed. as a matter of fact, in terms of anxiety, you might imagine that the teenager who is a fearful kid is not going to be the kind of person who joins...
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Mar 5, 2014
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you've used it to reduce the deficit. are you going to do that again in your budget in light of all of the attacks that have come onto medicare advantage cuts? >> sure, a couple of things. chain cpi was the president's idea. we never included that. we thought there were better ways to go. it was never a policy we were enamored with. medicare advantage, we have put things in our budget to address the medicare problem. reserve funds to fix medicare advantage, and we've put some of that money from the medicare cuts that pay for obamacare back into the advantage care system. we've always believed in doing that. you take two years toth, and it's a double-digit cut to medicare advantage, which means high premiums for those folks, or just loss of benefits, or we're worried about withdrawing from communities. so i do believe you need to -- you need to fix the medicare advantage problem. and we have proposed that in the past budgets. so you'll see us address that in our budget like we have each of the last few years. the thing tha
you've used it to reduce the deficit. are you going to do that again in your budget in light of all of the attacks that have come onto medicare advantage cuts? >> sure, a couple of things. chain cpi was the president's idea. we never included that. we thought there were better ways to go. it was never a policy we were enamored with. medicare advantage, we have put things in our budget to address the medicare problem. reserve funds to fix medicare advantage, and we've put some of that...
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and results in a very large balance of payments deficit. these have to be fixed. they are fixable. that is the first order of business. >> imf headlines? >> this is from the u.s. treasury, announcing their assistance plans, the $1 billion loan guarantee is planned and they plan to send technical advisers to the ukraine, saying the treasury will be at the center of international aid and the plan will live to the russian tree move. >> would you presume that the imf is speaking with russia? ofis there a lack communication there? >> certainly, they are members and are represented at the executive board my and executive director. i am sure that there is communication. but the important point here is the technical analysis of what is needed to put ukrainian economic policy in a sustainable and positive mode. then to arrange the financing necessary to make the implementation practical. you so much.k greatly appreciate that from our washington news bureau this morning. really talking about the clamps that have to be placed down in the process. >> w
and results in a very large balance of payments deficit. these have to be fixed. they are fixable. that is the first order of business. >> imf headlines? >> this is from the u.s. treasury, announcing their assistance plans, the $1 billion loan guarantee is planned and they plan to send technical advisers to the ukraine, saying the treasury will be at the center of international aid and the plan will live to the russian tree move. >> would you presume that the imf is speaking...
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everything that we vote on annually as a congress, eliminate all of that, we would still be running a deficit of half of one dollar trillion each year. room,e elephant in the the big animal in the room, the gorilla in the room that everyone is avoiding is a mandatory spending. , we will address that keep digging ourselves further and further in the hole. that is the real problem and we are trying to, like i say, solve it. on the backs of the military. that can't be done. guest: you are going to hear that a lot. we are solving our problems on the back of the military. he is right, discretionary spending is a small piece of this at the end of the day, but in the broader picture there has across themade federal budget. this is a big piece of discretionary spending. i think it is about half of what we spend on discretionary spending. it is a big piece of the pie to look at. we are in a time of change for the military. this is a time when we can reevaluate put the military should be doing and how much should be spending in this nation's history. active military outside of los angeles, california,
everything that we vote on annually as a congress, eliminate all of that, we would still be running a deficit of half of one dollar trillion each year. room,e elephant in the the big animal in the room, the gorilla in the room that everyone is avoiding is a mandatory spending. , we will address that keep digging ourselves further and further in the hole. that is the real problem and we are trying to, like i say, solve it. on the backs of the military. that can't be done. guest: you are going to...
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. >> defense is going down because the defect -- deficit. >> what you are asking for is very reasonable in terms of this and 56nal $26 billion billion dollars overall for defense and nondefense. forill be given the pay from the administration the next few weeks. many of us have them that are perfectly reasonable. we pay for what we need to do as a country including closing some of these loopholes which are egregious. these offshore tax loopholes, that allow the most profitable corporations in the world to avoid paying taxes by shifting their intellectual property to tax havens. the loopholes that allow the hedge fund managers to be paying half of the tax rate that people who work for them pay. there are some unjustified tax loopholes in this tax code which we should close even if we had no deficit. given the fact we have real needs including security needs, which we much fun -- must fund adequately, there are places we can fund it. $26 billion for defense and 56 billion dollars overall so i hope we take the leap the administration has given us on this budget and fund the full 56 billion
. >> defense is going down because the defect -- deficit. >> what you are asking for is very reasonable in terms of this and 56nal $26 billion billion dollars overall for defense and nondefense. forill be given the pay from the administration the next few weeks. many of us have them that are perfectly reasonable. we pay for what we need to do as a country including closing some of these loopholes which are egregious. these offshore tax loopholes, that allow the most profitable...
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here we see a budget deficit falling sharply. i'll pick on the cbo since everybody picks on the cbo. i thought their receipt estimates for next two or three years were a little stingy, but no matter how you slice it the deficit as percentage of gdp is headed below 3% in the next year or two. you see all this good news. yet no one in this city wants to acknowledge it or take credit for it. it is damnest thing i ever have seen. let me fin wish a comment on three sources in this city that seem unwilling to acknowledge the fact that things have gotten better. you have to ask the question, could this be a self-fulfilling prophecy? first and foremost, not surprisingly is the media. i have some friend here in the press but media feels you can sell more newspapers and get better ratings when you talk about the negative. during the holidays, my blood pressure spiked about 20 points. i saw two stories talking about the recession as if it were still underway. well, for christ's sake the recession ended in june of 09 yet you still hear in th
here we see a budget deficit falling sharply. i'll pick on the cbo since everybody picks on the cbo. i thought their receipt estimates for next two or three years were a little stingy, but no matter how you slice it the deficit as percentage of gdp is headed below 3% in the next year or two. you see all this good news. yet no one in this city wants to acknowledge it or take credit for it. it is damnest thing i ever have seen. let me fin wish a comment on three sources in this city that seem...
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>>> the federal deficit plunged by more than $400 in the last fiscal deficit. the sharpest drop since the end of world war ii. alison kosik is in new york to tell us why this happened. >> the federal budget deficit is at its lowest level in five years. the deficit is the difference between what the government spends and takes in. that dropped to $680 billion in 2013. to give you some perspective, during the financial crisis, it shot up above $1 trill in 2009 as the economy tanked and government bailouts became the norm. here is why it is happening. the economy is getting better over the last few years. the deficit has been shrinking. also, we are paying higher taxes. all that means more revenue for the government. the government has cut back on spending. the republicans, they still insist that the budget deficit is still too large. if they are looking for a fight, they may not get it. congress agreed to a bipartisan budget deal. mid-term elections are coming in the fall. a strengthening economy is removing much of the budgetary brinkmanship we have been sufferi
>>> the federal deficit plunged by more than $400 in the last fiscal deficit. the sharpest drop since the end of world war ii. alison kosik is in new york to tell us why this happened. >> the federal budget deficit is at its lowest level in five years. the deficit is the difference between what the government spends and takes in. that dropped to $680 billion in 2013. to give you some perspective, during the financial crisis, it shot up above $1 trill in 2009 as the economy tanked...
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those two things and some others have resulted in the deficit coming down considerably. it is projected at 3.1% of gdp. it is way down. it was over 9%. we should step back and recognize that is good progress. you could debate who is responsible, but it is good progress. second, some of the initiatives, let's just take infrastructure, are so vitally needed. both sides agree, it is just how to pay for it. it is not going anywhere. senator johnson is right. it is an election year. this budget will just sit there and not be acted on. >> senator, you are saying it does not address the big issues, which you mentioned, entitlement spending. there were no big numbers around cutting social security or any of those benefits. as i go back to that same anytion though, was there area, though, that you felt there could be some agreement on ? >> nobody is proposing cutting anything. we are trying to limit the rate of growth to the point where we do not extend that to the point where he had a debt crisis. the reason debt is coming down is because we have increased revenue by more than $
those two things and some others have resulted in the deficit coming down considerably. it is projected at 3.1% of gdp. it is way down. it was over 9%. we should step back and recognize that is good progress. you could debate who is responsible, but it is good progress. second, some of the initiatives, let's just take infrastructure, are so vitally needed. both sides agree, it is just how to pay for it. it is not going anywhere. senator johnson is right. it is an election year. this budget will...
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Mar 4, 2014
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by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually released today, and to are the surrogates that the white house is sending to capitol hill over the next coming days to talk about the president spending plan? 11:30.we will see it at it used to be they handed out copies to the press but that has been curtailed. theave been told that historical perspective volume, usually an interesting economic here this week, will have the main budget all human independent, they will be available at 11:30 and then a noontime press conference. andell from west virginia pretty much well-liked on all sides of the aisle will be going to the h
by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually...
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Feb 27, 2014
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to bailoutncreases washington from its debt and deficit problems. if we are going to close a loophole, the american people should get the benefit of a lower rate instead of just handing them money over to washington so he can spend more. we close a lot of loopholes, we got a lot of the junk out of the code. our plan reveals 228 sections of the tax code. we cut the size of the income tax code by roughly 25%. tax reform needs to be about strengthening the economy, making the codes blur and fairer. today we had the opportunity to make the first step forward. this is the kind of tax code the american people need and deserve. before he opened us up to questions, i want to draw your attention to a list of the major provisions in the press release. when you are talking about the entire tax code, there is a lot to go over. i want to highlight a few items on the list in addition to lowering rates, this includes simpler improved taxation of investment income. we tax long-term capital gains and dividends as normal income but exempt 40% of such income six tax,
to bailoutncreases washington from its debt and deficit problems. if we are going to close a loophole, the american people should get the benefit of a lower rate instead of just handing them money over to washington so he can spend more. we close a lot of loopholes, we got a lot of the junk out of the code. our plan reveals 228 sections of the tax code. we cut the size of the income tax code by roughly 25%. tax reform needs to be about strengthening the economy, making the codes blur and...
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many of those programs focus on personal character traits, which is you have a deficit of hope and a surplus of hurdles. so they try to deal with the hope part of it. they say let's build you up, build this character up because you have all the hurdles to deal with. i say let's do both things as once. you have to deal with the structural problems, all the things we say that are not really getting covered but they are. because if somebody is predatory lending for mortgages and that's disproportionally black people, that is structural racism. that is a structural violence against the black family, against the black community, against black men. every one of those things, whether it be mass incarceration or disproportionate drug arrests or any of that, violence in schools or suspensions of black boys higher ratio. so we have to look at those and call those out for what they are and say, we have to deal with all of those both what the boys need to do differently but what we need to do differently as a society. >> i also want to bring in boyce watkins founder of your black world.com. boyc
many of those programs focus on personal character traits, which is you have a deficit of hope and a surplus of hurdles. so they try to deal with the hope part of it. they say let's build you up, build this character up because you have all the hurdles to deal with. i say let's do both things as once. you have to deal with the structural problems, all the things we say that are not really getting covered but they are. because if somebody is predatory lending for mortgages and that's...
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we have to make sure that as we passed legislation we are addressing the deficit and the debt. a 17.2 trillion dollar debt. we have to address that for future generations. to a caller from alaska, anchorage, alaska. patrick, republican line. you are on was senator hoven. caller: good morning. thank you for the washington journal. it is a very valuable resource for us. senator hoven, i have two questions. because of the previous caller, i wanted to clarify one point regarding private and public oil out of alaska. governor hickle saw to it that we became an owner states. much closer to that oil being private oil than it is public. the oil companies appear are telling us that the reason there is only 500,000 barrels a day going down the pipe is because structure and royalty . they say this to hide. last year we voted -- they say it is too high. last year we voted to reduce it by $2 billion a year. we will see if that makes a difference in the amount of oil going down that pipe. the questions i have are relevant to the keystone pipeline. the first one is, who owns the railroad that
we have to make sure that as we passed legislation we are addressing the deficit and the debt. a 17.2 trillion dollar debt. we have to address that for future generations. to a caller from alaska, anchorage, alaska. patrick, republican line. you are on was senator hoven. caller: good morning. thank you for the washington journal. it is a very valuable resource for us. senator hoven, i have two questions. because of the previous caller, i wanted to clarify one point regarding private and public...
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-- like the economy and jobs and deficits. jenna: it's fair to to say that you and dr. emanuel don't get coffee together. >> no. after seeing him on megyn kelly, i'm not sure anybody gets coffee with that guy. he is one tough hombre. jenna: he certainly is, and he always gives us something to talk about that. karl, it's nice to have you on the program, we covered a lot of ground there, appreciate it as always. >> thank you, jenna. jon: right now the house expected to approve within the next few hours the first aid measure for ukraine's fragile new government pledging about $1 billion in loan guarantees. meantime, the house armed services committee is meeting now to discuss defense budget cuts this as the pentagon is boosting our military presence in eastern europe, sending fighter jets to our nato allies there. national security correspondent jennifer griffin is live from the pentagon. so, jennifer, is there concern about how russia views all of this discussion about budget cuts right now? >> absolutely. in fact -- but, jon, i
-- like the economy and jobs and deficits. jenna: it's fair to to say that you and dr. emanuel don't get coffee together. >> no. after seeing him on megyn kelly, i'm not sure anybody gets coffee with that guy. he is one tough hombre. jenna: he certainly is, and he always gives us something to talk about that. karl, it's nice to have you on the program, we covered a lot of ground there, appreciate it as always. >> thank you, jenna. jon: right now the house expected to approve within...
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Mar 4, 2014
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thread forneedles to the trusted deficits. president obama has demonstrated an want to be a partner for peace. he is committed to trying to end the conflict and all of his claims. that? can do let's be candid. some of you doubt it. as it israelis security officials will a test, -- abbas has been against the violence. many hours spent with president abbas. i believe he clearly understands both the tremendous benefit of peace and the great costs of failure. he understands that in terms of his own people, his own grandchildren, the country he hopes to be able to lead, and in terms of the history that be leakers -- beleaguers all. he know the people what never have the self-determination without ending the conflict in a solution that delivers two states for two peoples. and so this prime minister when he looks me in the eye and said i cannot accept a deal with the palestinians that does not make the people of israel safer. we agree 100%. [applause] but i argue, there is a distinction between a unilateral withdrawal from lebanon wh
thread forneedles to the trusted deficits. president obama has demonstrated an want to be a partner for peace. he is committed to trying to end the conflict and all of his claims. that? can do let's be candid. some of you doubt it. as it israelis security officials will a test, -- abbas has been against the violence. many hours spent with president abbas. i believe he clearly understands both the tremendous benefit of peace and the great costs of failure. he understands that in terms of his own...
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countries that had obviously unsustainable balance of payment situations and that had current account deficits and that needed to have some kind of sell-off to rebalance and other countries where the fundamentals were fine. frankly, it seems like those fears weren't born out. i'm wondering what you think of the dynamic now give whatn what happening and in particular whether or not you think that this is going to have contagion effects elsewhere. >> this is an important question. the emerging markets are in the middle of a major capital outflow. i think some of the data shows that there's been money leaving emerging markets for over 15 weeks already now. >> 18. >> 18 weeks. and i think that we shouldn't expect this to change the matters very much. i think rebecca's question was spot on. how much has the russian action over the weekend really changed the macroeconomic situation and i think very little. i think that applies to the emerging markets as an asset class as well. >> but let me say something. it hasn't changed the macrosituation but it has changed the approach to risk. look what's going
countries that had obviously unsustainable balance of payment situations and that had current account deficits and that needed to have some kind of sell-off to rebalance and other countries where the fundamentals were fine. frankly, it seems like those fears weren't born out. i'm wondering what you think of the dynamic now give whatn what happening and in particular whether or not you think that this is going to have contagion effects elsewhere. >> this is an important question. the...
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Feb 26, 2014
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it was about $11 billion in deficit this year. the new government in kiev said the country is going to need about $35 billion over the next two years just to survive. the i.m.s. is working on a plan along with the european union and united states, saying they're going to try and help but can't do anything until there is a government in place because an official government hahas to those kind of requests and the e.u. and i.m.f. can't negotiate with anything other than official governments. they need a prim minister, a cabinet and that's all underway. it's supposed to be in place by thursday but still a long road ahead for ukraine. >> all right, jennifer glasse in ukraine, thank you very much. in our next hour, we will be taking a closer look at ukraine's former prime minister and her role in shape that go countries future. these are live images coming out of parliament in ukraine and as you can see, the tensions there still exist. also viktor yanukovych still a man on the run. >> the u.s. state department is expelling three venezue
it was about $11 billion in deficit this year. the new government in kiev said the country is going to need about $35 billion over the next two years just to survive. the i.m.s. is working on a plan along with the european union and united states, saying they're going to try and help but can't do anything until there is a government in place because an official government hahas to those kind of requests and the e.u. and i.m.f. can't negotiate with anything other than official governments. they...